Investment Opportunity for NRIs

Wednesday, January 10, 2007

7th January 2007 marked the gala of the Fifth
Pravasi Bharatiya Divas with all pomp and show. Addressing
the gathering of NRIs and PIOs on the second day of the Pravasi
Bhartiya Divas in New Delhi yesterday, External Affairs Minister
Pranab Mukherjee welcomed the community to play a vital role in
the balanced economic development of the country.

Outlining infrastructure, agriculture, education, drinking water and health as areas where NRI investment would be welcomed, Mukherjee said their expertise, knowledge, experience and capital could contribute immensely.

The Minister expressed concern over the declining contribution of agriculture to India’s GDP, and urged the conclave to take up issues of processing and marketing of farm products, and enabling the farmer to be less weather-dependent. The rural economy could be further strengthened with inputs in education, health, drinking water and sanitation.

Acknowledging the current lack of infrastructure to propel the desired growth rate, “aggressive investment” in this sector coupled with FDI and latest technology in the upgrading of ports, airports, highways, transport and urban infrastructure was stressed on by the Minister.

Appreciating the experience and expertise acquired by Indians overseas, Mukherjee urged them to direct their efforts in enhancing the quality of education in India, to match up to a more competitive environment.

The Minister also sought investment in Research and Development to provide more opportunities for innovation and technology development in India.